Scynexis: 2Q Earnings Snapshot
JERSEY CITY, N.J. (AP) _ Scynexis Inc. (SCYX) on Thursday reported a loss of $10.8 million in its second quarter.
On a per-share basis, the Jersey City, New Jersey-based company said it had a loss of 23 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The pharmaceutical company posted revenue of $64,000 in the period.
In the final minutes of trading on Thursday, the company’s shares hit $1.45. A year ago, they were trading at $1.63.